WPI cools to 7-month low of 2.48% in February

Wholesale price index (WPI)-based inflation was at 2.84 per cent in January 2018 and was at 5.52 per cent in February past year.

India's annual rate of inflation, based on monthly wholesale price index (WPI), stood at 2.48 per cent for the month of February 2018 over same month of past year.

Meanwhile, the rate of inflation based on WPI Food Index consisting of "Food Articles" from Primary Articles group and "Food Product" from Manufactured Products group decreased from 1.65 per cent in January, 2018 to 0.07 per cent in February, 2018. Prices of pulses, meanwhile, have fallen by almost 25 per cent and of wheat by 6.23 per cent during the same period.

Inflation in vegetables softened with annual inflation at 15.26% as against 40.77%in January.

The WPI inflation of 2.48 per cent in February 2018 is the lowest in seven months.

Trudeau discussed with the trump of duty
March 23 in the USA will come into effect duties on steel imports (25%) and aluminium (10%) by order of the President. The U.S., Canada, and Mexico wrapped up their seventh round of negotiations early this month .

Wholesale inflation in onion slowed to 118.95 per cent, but rose marginally in the case of potato to 11.67 per cent.

The cost of fuel and power, which commands a 13.15 per cent weightage in the index, increased at a slower pace of 3.81 per cent during the month, from a growth of 4.08 per cent in January. While food prices are expected to remain stable in the coming months, risks to stable prices exist, said CARE Ratings. The previous low level was recorded in July at 1.88%.

The latest inflation number was in line with a 2.50% increase forecast by economists in a Reuters poll.

Fuel-wise, prices in February of both high-speed diesel and petrol climbed higher than in the previous month, by 7.41 per cent and 2.52 per cent, respectively.

The consumer price index (CPI)-based retail inflation has also eased to 4.44% in February, as per the data released earlier.

Comments

Latest Posts

Trump backs bill on school safety: White House
Dina Titus, D-Nev., a former professor, rallied with students to call for "more measures to keep firearms out of risky hands". Bowdich says the Federal Bureau of Investigation "will not hide" from its mistakes.

Do You Own NIKE, Inc. (NYSE:NKE) Shares?
It is negative, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. The footwear maker reported $0.46 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.06.

Former Equifax CIO charged with insider trading
Equifax said it reported its findings to the government and is "fully cooperating" with the Department of Justice and the SEC. According to the SEC, he would have made $117,000 less if he had sold those shares after the breach was made public.

Karachi set to host Pakistan-West Indies T20Is
Pakistan Super League proved to be a starting point for this all, and is a statement that Pakistan can host matches and it will. West Indies, the reigning T20 World champions, are scheduled to clash with Pakistan on April, 1, 2 and 4.

BJP rattled by by-poll results
Praveen Kumar Nishad of Samajwadi Party defeated BJP's Upendra Dutt Shukla by 21,000 votes in Gorakhpur . RJD's convincing victories has set the stage for Tejashwi Yadav to play a pivotal role in state politics.